Popeyes Louisiana Kitchen Inc (PLKI) was Downgraded by Maxim Group to ” Hold” while Lowering the Price Target of the company shares to $ 60 from a previous price target of $60 . Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Aug 17, 2016.
Many Wall Street Analysts have commented on Popeyes Louisiana Kitchen Inc. Shares were Reiterated by Maxim Group on May 26, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $64 .
On the company’s financial health, Popeyes Louisiana Kitchen Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on Aug 16, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $61.70 million for the quarter, compared to analysts expectations of $63.50 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.
Popeyes Louisiana Kitchen Inc opened for trading at $56.82 and hit $57.385 on the upside on Monday, eventually ending the session at $56.94, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 3,80,576 shares. Company has a market cap of $1,247 M.
In a different news, on Apr 18, 2016, Richard Lynch (Chief Global Brand Officer) sold 8,300 shares at $52.78 per share price. According to the SEC, on Mar 3, 2016, Harold M Cohen (General Counsel) sold 5,500 shares at $55.10 per share price. On Dec 22, 2015, Cheryl A Bachelder (CEO) sold 25,639 shares at $56.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Popeyes Louisiana Kitchen Inc. (Popeyes) develops operates and franchises quick-service restaurants (QSRs or restaurants) under the trade names Popeyes Chicken & Biscuits and Popeyes Louisiana Kitchen. The Company operates through two segments: franchise operations and company-operated restaurants. Within the QSR industry Popeyes offers Louisiana style menu that features spicy chicken chicken tenders fried shrimp and other seafood red beans and rice and other regional items. The Company has approximately 340 franchisees operating restaurants within the Popeyes system. Its domestic franchisee operates approximately 132 restaurants and its international franchisee operates approximately 109 restaurants. The Company operates and franchises approximately 2379 Popeyes restaurants in 48 states the District of Columbia three territories and 26 foreign countries.